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Presented at the Halifax State of the Economy Conference
Is there something about Nova Scotia’s DNA that hinders the development of business-led clustering and achieving greater productivity?
Canada now faces a significant and growing productivity gap relative to the U.S., which will threaten our long-term prosperity. Low productivity is, and will continue to be, the most significant threat to Canada’s standard of living. As a result, Deloitte has invested significant time and energy in the study of Canadian productivity.
One of the findings was that in regions with cluster characteristics, business-led incubator and innovation parks can be strong catalysts for economic development. There are several leading incubators gaining global recognition.
What is hindering Nova Scotia from developing a similar clustering and innovation culture?